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Peter Dacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty .net 3 ALLAPATTAH PROPERTIES MIAMI OFFER MEMORANDUM $1,425,000

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Page 1: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

PeterDacko

Media Realty & Advisors

954-923-2325

954-328-8248

[email protected]

3 ALLAPATTAH PROPERTIES MIAMI

OFFER MEMORANDUM$1,425 ,000

Page 2: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 2

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Media Realty & Advisors, Inc. (Media Realty)and should not be made available to any other person or entity without the written consent of Media Realty. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Media Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Media Realty has not verified, and will not verify, any of the information contained herein, nor has Media Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.

Page 3: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 3

MISSION STATEMENT

Media Realty was created in 2004 with the vision that real estate is the one common denominator that binds the neighborhoods to its residential and business communities alike.

Media Realty is a full-service real estate company with a business platform which includes brokerage services, property management, tenant placement services, and other ancillary services such as valuations, highest and best use analysis and tax abatement. Through our commitment of creating and maintaining long term relationships Media Realty is dedicated to reshaping our neighborhoods with best business practices and community involvement.

Media Realty will enable our clients to maximize their net returns by providing the best information which allows our clients to make the most educated decision in a timely manner.

Media Realty offers a unique value proposition no matter which side of the transaction you are on.

Page 4: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 4

TABLE OF CONTENTS

Section 1

Mar ke t Repor t

Section 2

Sub je c t P roper ty

Section 3

Ren t Su r vey

Section 4

Comparab le Sa le s

Section 5

F i nanc ia l s

Page 5: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 5

INTRODUCTION MIAMI, FLORIDA

Miami is a major urban city center, and a leader in finance, commerce, culture, media,entertainment, the arts, and international trade. In addition to the central business district, thearea also consists of the Brickell Financial District, Historic District, Government Center, Omni andPark West. The neighborhood is divided by the Miami River and is bordered by Midtown(Edgewater and Wynwood) to the north, Biscayne Bay to the east, Civic Center and Overtown to thewest, and Coconut Grove to the south.

In 2012 Miami was classified as an Alpha−World City in the World Cities Study Group's inventory. In2010, Miami ranked seventh in the United States in terms of finance, commerce, culture,entertainment, fashion, education, and other sectors. It ranked 33rd among global cities. In 2008,Forbes magazine ranked Miami "America's Cleanest City", for its year-round good air quality, vastgreen spaces, clean drinking water, clean streets, and citywide recycling programs. According to a2009 UBS study of 73 world cities, Miami was ranked as the richest city in the United States, andthe world's fifth-richest city in terms of purchasing power. Miami is nicknamed the "Capital of LatinAmerica" [1] and is the largest city with a Cuban-American pluralityLocally known as Downtown, Miami has grown and physically expanded to become the fastest-growing area in Miami-Dade, with rapid increase in population and the greatest concentration ofhigh-rises in the region. Greater Downtown is home to many major museums, parks, educationcenters, banks, company headquarters, courthouses, government offices, theaters, shops and manyof the oldest buildings in the city.

For most of Miami's history, its economy has been based on tourism which continues to be theprincipal industry in Miami, the city's economy has become more diversified. Trade is increasinglyvital to the economy. Its close proximity to Latin America and the Caribbean make it the center ofinternational trade with those areas. Because many companies choose to establish their LatinAmerican headquarters in southern Florida, Miami-Dade County is known as the "Gateway to theAmericas."

Click here to view Welcome

Miami video

Page 6: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 6

INTRODUCTION ALLAPATTAH, FLORIDA

The name is derived from the Seminole Indian language word meaning alligator. The initial

settlement of the Allapattah community began in 1856 when William P. Wagner, the earliest

documented white American permanent settler, arrived from Charleston, South Carolina and

established a homestead on a hammock along the Miami Rock Ridge, where Miami Jackson High

School presently stands. Development ensued from 1896 and into the 20th century in the area with

the completion of the Florida East Coast Railroad.

Allapattah was predominantly populated by whites from early in the 20th century until the late

1950s, when there was a large influx of black Americans displaced by the construction of I-95

(then, the North-South Expressway) in the 1950s and 1960s, leading to white flight to suburban

Miami-Dade County and Broward County. Cubans migrated to Miami neighborhoods like Allapattah

in large numbers following the Cuban Revolution of 1959, hosting one of Miami's largest Cuban

American populations. The 1980s brought influxes of Dominican Americans, Nicaraguans,

Hondurans, and Haitians in the aftermath of various refugee crises in those nations. Now, a melting

pot of residents from all across the Caribbean, Central America, and Latin America reside in the

area.

Allapattah is northwest of downtown, and about five miles (8 km) east of Miami International

Airport. It is located at 25.815°N 80.224°W, with an elevation of 10 feet (3.0 m).[4]

Many of the businesses and educational institutions in the neighborhood are generally located on

Northwest 36th Street (US 27). The boundaries are roughly the Airport Expressway (SR 112) to the

north, the Miami River and the Dolphin Expressway (SR 836) to the south, I-95 to the east, and

Northwest 27th Avenue (SR 9) to the west.

A thriving textiles market is located along Northwest 20th Street between Northwest 17th and 27th

Avenues, with several garment manufacturing and wholesale outlets from Latin America and the

Caribbean makers along the row. The Produce Market, the largest open-air food distribution center

in Miami, serves local supermarkets and bodegas with the freshest variety of South Florida produce,

tropical fruits and many other products.

The industrial district of the city of Miami is located in an area straddling the Civic Center and

Allapattah, along a former FEC corridor just north of Northwest 20th Street. Trades ranging from

clothing manufacturers, auto repair, carpentry and upholstery shops. Additionally, several shipyards

and dry docks located along the neighborhood's banks of the Miami River.

Page 7: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 7

CLICK HERE TO VIEW FULL SUB-MARKET REPORT

Miami Dade currently has one of the largest pipelines in thecountry, with almost 16,000 units under construction. As a percentof inventory, Miami ranks first in terms of multifamily constructionin major metros. More units will deliver over the next three yearsthan the past 15 years combined, which could causefundamentals to loosen in the near term.

However, Miami has handled its most-recent supply

wave relatively well. Though annual deliveries have surpassed thehistorical average over the past five years, new supply has beenmet with solid demand. In fact, vacancies have been flat over thepast year and are in line with the historical average. Rent growthremains near the metro’s historical average, though it hasdecelerated from the record-breaking highs seen in earlier thiscycle. Pricing continues to grow at a moderate pace but couldslow over the next few years.

Investors continue to be attracted to this high-growth market.Miami experiences strong investor activity from institutionalbuyers including Starwood Capital Group, Greystar, and IvanhoeCambridge. Strong interest has helped push pricing, which is nowclose to double the metro average on a per door basis.

Page 8: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

SUBJECT PROPERTY

Page 9: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 9

DADE COUNTY PROPERTY

APPRAISER’S PROPERTY

CARD

Click Here to View Property Card

Click Here to View Property Map

Current configuration 3

Units

Front House $2300

Rear House

(2/2) $1400

(0/1) $900

Floor Zone

Zone X

Page 10: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 10

AERIAL VIEWZONING TO-3

Page 11: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 11This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 11

PHOTO ADDENDUM

Page 12: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 12

DADE COUNTY PROPERTY

APPRAISER’S PROPERTY

CARD

Click Here to View Property Card

Left Side

(1/1) $1200

(2/1) $1500

Right Side

(1/1) $ 1150

(2/1) $1400

Page 13: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 13

AERIAL VIEWZONING TO-3

Page 14: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 14

SKETCH

1386 NW 28 Street

Page 15: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 15This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 15

PHOTO ADDENDUM

Page 16: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 16

LOCATION MAPCLICK HERE TO GOOGLE MAP

Page 17: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 17

DADE COUNTY PROPERTY

APPRAISER’S PROPERTY

CARD

Front House (3/1) $1800

Front House Rear (1/1) $1000

Back House (2/1) $1300

Back House (0/1) $900

Page 18: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 18

AERIAL VIEWZONING TO-3

Page 19: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 19This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 19

PHOTO ADDENDUM

Page 20: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 20

LOCATION MAPCLICK HERE TO GOOGLE MAP

Page 21: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

RENT SURVEY

Page 22: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 22

RENT SURVEY (0/1) STUDIO APTS. MONTHLY

Click Here to View Full Report

Address City Asking

Rent

Rented

PriceClosing Date

Days

on

Market

#Beds #FBathsSqFt Liv

Area

Year

Built

1700 NW 22 CT Unit#6 Miami $900 $900 2/1/2019 7 0 1 500 1923

1700 NW 22 CT Unit#6 Miami $900 $900 1/3/2019 36 0 1 500 1923

645 NW 32nd St Unit#12A Miami $750 $750 12/1/2018 41 0 1 425 1962

1811 NW 18th street Unit#4 Miami $875 $875 8/31/2018 31 0 1 500 1972

$856 $856

Page 23: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 23

RENT SURVEY 1 BEDROOM APTS.

Click Here to View Full Report

AddressCity

Name

Current

Price

Rent

Price

Closing

Date

Days on

Market#Beds Bath

SqFt Liv

Area

Year

Built

4651 NW 16th Ave Unit#4651 Miami $1,050 94 1 1 902 1955

3138 NW 22nd Ave Unit#102 Miami $1,200 12 1 1 2017

1479 NW 16th St Unit#6 Miami $1,200 39 1 1 658 1974

1479 NW 16th St Unit#5 Miami $1,200 39 1 1 658 1974

3138 NW 22nd Ave Unit#201 Miami $1,200 52 1 1 2017

1479 NW 16th St Unit#1 Miami $1,250 32 1 1 658 1974

1479 NW 16th St Unit#3 Miami $1,250 32 1 1 658 1974

1740 NW 41 St Unit#1740 Miami $1,300 32 1 1 800

2398 NW 33rd st Unit#2 Miami $1,000 74 1 1

2524 NW 29th St Unit#B Miami $800 $800 2/1/2019 118 1 1 1977

1991 NW 56th St Unit#0 Miami $900 $900 2/13/2019 13 1 1 420 1950

2649 NW 24th Ave Unit#G Miami $900 $900 10/1/2018 15 1 1 1932

3033 NW 32 ST Unit#R Miami $900 $900 2/20/2019 9 1 1 1974

1060 NW 47th St Unit#8 Miami $950 $950 10/1/2018 59 1 1 1927

2959 NW 56th St Unit#Rear Miami $999 $999 10/1/2018 44 1 1 1950

1700 NW 22 CT Unit#5 Miami $1,000 $1,000 1/1/2019 13 1 1 650 1923

3138 NW 22nd Ave Unit#307 Miami $1,200 $1,200 11/2/2018 15 1 1 2017

$1,076 $956

Fo

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en

tR

en

ted

Page 24: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 24

RENT SURVEY 2 BEDROOM APTS.

Click Here to View Full Report

AddressCity

Name

Current

PriceSale Price

Closing

Date

Days

on

Market

#Beds Bath

SqFt

Liv

Area

Year

Built

2321 NW 26th St Unit#u Miami $1,300 113 2 1 1,248 1925

1621 NW 19th Ave Unit#0 Miami $1,450 11 2 1 1,584 1949

1883 NW 20th Ave Unit#3 Miami $1,500 28 2 1 696 1974

4730 NW 23rd Ave Unit#1 Miami $1,550 5 2 1 810 1967

4730 NW 23rd Ave Unit#1 Miami $1,550 5 2 1 810 1967

1068 NW 29th Ter Unit#1068 Miami $1,650 7 2 1 0

2184 NW 17th St Unit#2182 Miami $1,700 1 2 1 1975

1807 NW 33rd St Unit#0 Miami $1,700 7 2 1 1,070 1975

2339B NW 29th St Unit#B Miami $1,299 9 2 1 1971

4540 NW 23rd Ct Unit#4540 Miami $1,300 5 2 1 812 1977

1737 NW 47 ter Unit#0 Miami $1,500 120 2 1

653 NW 30 St Unit#3 Miami $1,200 $1,200 1/11/2019 14 2 1 650

1925 NW 56th St Unit#1927B Miami $1,200 $1,200 10/1/2018 23 2 1 1954

2775 NW 48th St Unit#2775 Miami $1,251 $1,251 10/12/2018 11 2 1 725 1964

5252 NW 12th Ave Unit#5250 Miami $1,270 $1,270 12/1/2018 23 2 1 690 1960

4761 NW 11th Ave Unit#Back Miami $1,290 $1,290 2/1/2019 19 2 1 925 1939

2536 NW 24 STREET Unit#4B Miami $1,300 $1,300 11/1/2018 34 2 2 758 2006

1700 NW 22 CT Unit#4 (Upper) Miami $1,300 $1,300 12/22/2018 22 2 1 900 1923

1747 NW 40th St Unit#1 Miami $1,300 $1,300 2/2/2019 4 2 1 1,309 1953

1467 NW 53 St Unit#3 Miami $1,300 $1,300 1/31/2019 47 2 1 800

1720 NW 50th St Unit#1720 Miami $1,300 $1,300 11/19/2018 31 2 1 850 1956

2339A NW 29th St Unit#A Miami $1,300 $1,300 11/30/2018 0 2 1 1971

2150 NW 18th Ave Unit#2150 Miami $1,350 $1,350 11/14/2018 18 2 1 826 1950

1700 NW 22 CT Unit#1 Miami $1,400 $1,400 2/8/2019 22 2 1 820 1923

3138 NW 22nd Ave Unit#300 Miami $1,400 $1,400 2/1/2019 4 2 2 2017

1857 NW 24 ST Unit#1 Miami $1,400 $1,400 1/17/2019 16 2 1 950 2014

2745 NW 16th St Unit#0 Miami $1,400 $1,400 12/27/2018 66 2 1 1,200 1959

1944 NW 22nd Pl Unit#Duplex Miami $1,400 $1,400 11/2/2018 4 2 1 851 1966

2703 NW 24TH COURT Unit#2703 Miami $1,450 $1,450 1/10/2019 35 2 1 850 1973

3315 NW 19th Ave Unit#3315 Miami $1,450 $1,450 10/1/2018 26 2 1 1975

1700 NW 22 CT Unit#7 (Upper) Miami $1,450 $1,450 1/15/2019 41 2 1 900 1923

1845 NW 34th St Unit#1 Miami $1,500 $1,500 1/29/2019 39 2 1 1970

1700 NW 22 CT Unit#8 Miami $1,500 $1,500 2/1/2019 56 2 1 900 1923

$1,400 $1,351

Fo

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en

tR

en

ted

Page 25: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

COMPARABLE SALES

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This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 26

COMMENTS DIRECT SALES COMPARISON

A COMPARABLE SALE IS PROPERTY THAT IS SIMILAR TO THESUBJECT PROPERTY IN MOST RESPECTS. IT IS LOCATED IN ANEARBY LOCATION. IT HAS RECENTLY SOLD FOR A FAIRMARKET VALUE. THE SELECTION OF COMPARABLE SALES ISIN MOST APPRAISALS IS THE SINGLE MOST DETERMININGFACTOR IN ESTABLISHING THE VALUE. THE RESPONSIBILITYIS TO FULLY RESEARCH THE LOCAL REAL ESTATE MARKETAND DETERMINE WHICH COMPARABLE SALES REPRESENTTHE BEST VALUE CHARACTERISTICS OF THE SUBJECTPROPERTY.

THE MARKET OR DIRECT SALES COMPARISON APPROACHTO AN ESTIMATE OF VALUE IS A PROCESS OFCOMPARING MARKET DATA, THAT IS, PRICES PAID FORSIMILAR PROPERTIES, PRICES ASKED BY OWNERS, ANDOFFERS MADE BY PROSPECTIVE BUYERS OR THE TENANTSWILLING TO BUY OR LEASE. TYPICALLY A COMPARISONGRID IS USED AND ADJUSTMENTS ARE MADE TO EACHCOMPARABLE SALES USED FOR MAJOR DIFFERENCESBETWEEN THE COMPARABLE AND THE SUBJECT PROPERTYFOR SUCH ITEMS AS LOCATION, CONSTRUCTIONQUALITY AND SIGNIFICANT AMENTIAS, ETC. IN THEMARKET APPROACH, THE ATTEMPTS ARE MADE TO BOTHGAUGE AND REFLECT THE ANTICIPATED REACTION BY ATYPICAL PURCHASER TO THE SUBJECT PROPERTY.

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This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 27

COMPARABLE GRID3-4 UNITS

SECONDARY EMPHASIS

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AddressCity

Name

Original List

PriceCurrent Price Sale Price

Closing

Date

Days on

Market

Total

Units

Adjusted

Area SFPrice per Unit Price per SF Year Built

1911 NW 22nd Ave Miami $324,999 $324,999 477 3 1,180 $108,333 $275.42 1928

1145 NW 28th St Miami $370,000 $339,000 274 3 930 $113,000 $364.52 1935

2001 NW 33 Street Miami $340,000 $340,000 1 3 1733 $113,333 $196.19 1941

2001 NW 33 Street Miami $340,000 $340,000 1 3 1,733 $113,333 $196.19 1941

3018 NW 23rd Ave Miami $399,000 $379,000 127 3 1,318 $126,333 $287.56 1920

1810 NW 34th St Miami $545,000 $429,900 172 3 1,333 $143,300 $322.51 1936

2292 NW 26th Street Miami $449,000 $449,000 8 3 1841 $149,667 $243.89 1953

2292 NW 26th St Miami $449,000 $449,000 8 3 1,337 $149,667 $335.83 1953

2500 NW 23rd Ave Miami $550,000 $550,000 29 4 2,460 $137,500 $223.58 2000

1418 NW 35th St Miami $570,000 $570,000 160 3 1,333 $190,000 $427.61 1930

1045 NW 27th St Miami $690,000 $690,000 302 3 1,286 $230,000 $536.55 1938

1883 NW 20th Ave Miami $750,000 $724,500 111 4 2,782 $181,125 $260.42 1974

2550 NW 23rd Ave Miami $875,000 $875,000 5 5 3,989 $175,000 $219.35 1950

1021 NW 30th St Miami $550,000 $550,000 183 5 2,520 $110,000 $218.25 1936

1932 NW 18th Ter Miami $230,000 $230,000 7 3 1758 $76,667 $130.83 1925

1932 NW 18th Ter Miami $230,000 $230,000 7 3 1,758 $76,667 $130.83 1925

1661 NW 16th St Miami $250,000 $250,000 17 3 1,666 $83,333 $150.06 1941

2635 NW 22 CT Miami $359,000 $359,000 70 4 2,200 $89,750 $163.18 1937

2730 NW 19th Ave Miami $485,000 $375,000 73 4 1748 $93,750 $214.53 1958

760 NW 32nd St Miami $899,900 $899,900 181 3 1,453 $299,967 $619.34 1930

1247 NW 28th St Miami $399,000 $395,000 9/18/2018 16 3 2,358 $133,000 $169.21 2005

1930 NW 31st St Miami $300,000 $400,000 1/22/2019 6 4 2,050 $75,000 $146.34 1957

2010 NW 31st St Miami $550,000 $480,000 10/24/2018 88 4 2,062 $137,500 $266.73 1960

1137 NW 29th St Miami $715,000 $505,000 11/7/2018 344 4 3,197 $178,750 $223.65 1970

767 NW 35th St Miami $649,900 $600,000 10/19/2018 358 4 2,540 $162,475 $255.87 1937

On Market $148,507 $299

Pending Sale $118,590 $232

Sold $137,345 $212

On

Ma

rke

tP

en

din

g S

ale

So

ld

Page 28: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 28

COMPARABLE GRID2PLEX

SECONDARY EMPHASIS

Click Here to view Full Report

AddressCity

Name

Original

List Price

Current

PriceSale Price

Closing

Date

Days on

Market

Total

Units

Adj

Area

SF

Price per Unit Price per SFYear

Built

2738 NW 28th Street Miami $109,000 $109,000 20 2 2,463 $54,500 $44.25 1935

2738 NW 28th St Miami $109,000 $109,000 20 2 1,555 $54,500 $70.10 1935

1101 NW 26th St Miami $199,000 $199,000 9 2 1,032 $99,500 $192.83 1941

3491 NW 34th St Miami $250,000 $250,000 28 2 1,947 $125,000 $128.40 1973

2967 NW 28th St Miami $267,000 $267,000 5 2 881 $133,500 $303.06 1938

2623 NW 19th Avenue Miami $300,000 $300,000 38 2 1,552 $150,000 $193.30 1926

2623 NW 19th Ave Miami $300,000 $300,000 586 2 1,435 $150,000 $209.06 1926

2847 NW 22nd Ct Miami $159,900 $162,500 $162,500 1/17/2019 20 2 1,498 $81,250 $108.48 1936

2630 NW 13th Ave Miami $247,000 $200,000 $200,000 11/21/2018 30 2 1,246 $100,000 $160.51 1926

2900 NW 30th St Miami $250,000 $210,000 $210,000 2/12/2019 136 2 949 $105,000 $221.29 1954

2445 NW 21st Ter Miami $210,000 $210,000 $210,000 11/13/2018 22 2 1,766 $105,000 $118.91 1947

1930 NW 18th St Miami $310,000 $275,000 $275,000 9/18/2018 31 2 2,076 $137,500 $132.47 1972

3120 NW 15th Avenue Miami $300,000 $282,000 $282,000 3/4/2019 10 2 1,450 $141,000 $194.48 1948

3120 NW 15th Ave Miami $300,000 $282,000 $282,000 3/4/2019 10 2 1,541 $141,000 $183.00 1948

3053 NW 22nd Ct Miami $349,900 $297,000 $297,000 12/7/2018 34 2 1,739 $148,500 $170.79 1970

1877 NW 18th Ter Miami $209,900 $305,000 $305,000 1/28/2019 8 2 2,574 $152,500 $118.49 1930

2601 NW 11th Ave Miami $354,900 $314,900 $314,900 1/30/2019 101 2 1,596 $157,450 $197.31 1952

3115 NW 33rd St Miami $338,000 $330,000 $330,000 1/29/2019 2 2 2,011 $165,000 $164.10 1971

1270 NW 25th St Miami $346,000 $335,000 $335,000 10/9/2018 54 2 920 $167,500 $364.13 1930

2735 NW 27th St Miami $399,000 $345,000 $345,000 9/30/2018 43 2 2,430 $172,500 $141.98 1976

1590 NW 38th St Miami $399,000 $360,000 $360,000 12/17/2018 322 2 2,282 $180,000 $157.76 1930

1891 NW 17th Street Miami $385,000 $369,000 $369,000 3/4/2019 91 2 1,725 $184,500 $213.91 1954

1891 NW 17th St Miami $385,000 $369,000 $369,000 3/4/2019 224 2 1,839 $184,500 $200.65 1954

3300 NW 23rd Ave Miami $489,000 $410,000 $410,000 9/7/2018 35 3 2,158 $136,667 $189.99 1958

$109,571 $163.00

$144,698 $178.72

Pe

nd

ing

Sa

le

So

ld

Page 29: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

INCOME & EXPENSES

Page 30: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 30

CASH FLOW ANALYSIS & UNDERSTANDING CAP RATES

equals CASH ON CASH RETURN

less DEBT SERVICE

equals NET OPERATING

INCOME (NOI)

less OPERATING EXPENSES

Equals EFFECTIVE GROSS

INCOME (EGI)

less VACANCIES

POTENTIAL GROSS

INCOME (PGI)

Example: A property has a NOI of $100,000 and a Cap Rate of 10%. Thus a value of $1,000,000

As the Cap increases to 11% the price decreases to $909,000

Conversely as the Cap Rate decreases to 9% the overall value has increased to $1,100,000

Sub-Market: For each $1,000 of NOI, our market responds with between $11,000 to $12,000 of value

=Value

Net Operating Income (NOI)Capitalization Rate

$100,000

10%= $1,000,000

$100,000

11%= $909,091

$100,000

9%= $1,111,111

Buyer: Cap Rate goes up

Seller: Cap Rate goes down

Page 31: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 31

INCOME &E X P E N S EAPPROACH TO VALUE

COMBINED PROPERTIES

Price:

25.00% $356,250 Terms:

12

$118,750

8.0

7.15%

7.8

7.51%

$28.49

1981

19,250.0

6,254

$227.85

$178,200

8,910

169,290$

67,472

101,818$

65,612

36,206$ *

11,573

47,779$ *

Market Rent Taxes: 29,272$

UNIT BDRMS/ Monthly Monthly Monthly Monthly 12,500

NUM BATHS Rent/Unit Income Rent/Unit Income 5,250

1 3/2 $2,300 $2,300 $2,300 6,000

1 3/1 $1,800 $1,800 $1,800 Landscaping 900

1 2/2 $1,400 $1,400 $1,400 Electric 12,800

3 2/1 $1300-$1500 $4,200 $4,200 Licenses 750

3 1/1 $1000-$1200 $3,350 $3,600

2 0/1 $900 $1,800 $2,000

$14,850 $15,300

Laundry 67,472$

$14,850 $10.79

Annual Scheduled Gross Income: $178,200 $8,100 Per Unit: $5,622.65

Water & Sewer & Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$1,000

$1,800

$1,400

106,948$ Net Operating Income:

*As Percent of Down Payment

10.16%

Total Return Before Taxes:

Plus Principal Reduction:

5.00%

Market Rent

41,336$

9,180

65,612

$183,600

174,420$

67,472

5.00%

$15,300

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

13.41%

11.60%

$2,300

Insurance:

$1,400

$1,200

52,909$ 14.85%

Monthly Payment:

38.68%

Summary Proposed Financing

interest

yr. amortization

4.50%Down Payment:

Cost per Unit:

Current GRM:

$1,068,750Obtain 1st Mortgage

30

$1,425,000

$5,467.68

Number of Units:

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

37.86%

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This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 32

INCOME &E X P E N S EAPPROACH TO VALUE

1337 NW 33 STREETL E G A L D U P L E X

Price:

20.00% $95,000 Terms:

4

$118,750

8.6

6.62%

8.4

6.86%

$30.55

1929

6,150.0

1,807

$262.87

$55,200

2,760

52,440$

20,989

31,451$

24,020

7,431$ *

11,573

19,004$ *

Market Rent Taxes: 8,139$

UNIT BDRMS/ Monthly Monthly Monthly Monthly 5,500

NUM BATHS Rent/Unit Income Rent/Unit Income 1,750

Front House 3/2 $2,300 $2,300 $2,300 1,800

Rear Apt 1 2/2 $1,400 $1,400 $1,400 Landscaping 250

Rear Apt 2 0/1 $900 $900 $1,000 350

3,200

$4,600 $4,700

20,989$

$4,600 $11.62

Annual Scheduled Gross Income: $55,200 $56,400 Per Unit: $5,247.31

Water & Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$4,700

Electric

$2,300

Insurance:

$1,400

53,580$

20,989

5.00%

20.00%

9.02%

39.17%

32,591$ Net Operating Income:

*As Percent of Down Payment

7.82%

$1,000

20,144$

Licenses

21.20%

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

8,571$

24,020

5.00%

Market Rent

2,820

$56,400

Summary Proposed Financing

interest

yr. amortization

4.75%Down Payment:

Cost per Unit:

Current GRM:

$380,000Obtain 1st Mortgage

30

$475,000

$2,001.63

Number of Units:

Monthly Payment:

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

38.02%

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This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 33

INCOME &E X P E N S EAPPROACH TO VALUE

1386 NW 28 STREET

Price:

20.00% $95,000 Terms:

4

$118,750

7.5

7.47%

7.1

8.31%

$26.65

1948

6,000.0

2,364

$200.93

$63,000

3,150

59,850$

24,389

35,461$

24,020

11,441$ *

11,573

23,014$ *

Market Rent Taxes: 8,139$

UNIT BDRMS/ Monthly Monthly Monthly Monthly 5,500

NUM BATHS Rent/Unit Income Rent/Unit Income 1,750

Lest Side 2/1 $1,500 $1,500 $1,500 2,400

Left Side 1/1 $1,200 $1,200 $1,200 Landscaping 250

Right Side 2/1 $1,400 $1,400 $1,400 350

Right Side 1/1 $1,150 $1,150 $1,500 6,000

$5,250 $5,600

24,389$

$5,250 $10.32

Annual Scheduled Gross Income: $63,000 $67,200 Per Unit: $6,097.31

Water & Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$1,500

$5,600

Electric

$1,500

Insurance:

$1,200

63,840$

24,389

5.00%

24.23%

16.24%

38.20%

39,451$ Net Operating Income:

*As Percent of Down Payment

12.04%

$1,400

27,004$

Licenses

28.43%

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

15,431$

24,020

5.00%

Market Rent

3,360

$67,200

Summary Proposed Financing

interest

yr. amortization

4.75%Down Payment:

Cost per Unit:

Current GRM:

$380,000Obtain 1st Mortgage

30

$475,000

$2,001.63

Number of Units:

Monthly Payment:

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

38.71%

Page 34: 3 Allapattah Properties Miami Offer Memorandum $1,425,000€¦ · PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 PDacko@MediaRealty.net 3 ALLAPATTAH PROPERTIES MIAMI

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 34

INCOME &E X P E N S EAPPROACH TO VALUE

3070 NW 27 STREET

Price:

20.00% $95,000 Terms:

4

$118,750

7.9

7.39%

7.8

7.63%

$28.80

1981

7,100.0

2,083

$228.04

$60,000

3,000

57,000$

21,879

35,121$

24,020

11,101$ *

11,573

22,674$ *

Market Rent Taxes: 8,139$

UNIT BDRMS/ Monthly Monthly Monthly Monthly 5,500

NUM BATHS Rent/Unit Income Rent/Unit Income 1,750

3/1 $1,800 $1,800 $1,800 1,800

1/1 $1,000 $1,000 $1,000 Landscaping 250

2/1 $1,300 $1,300 $1,300 840

0/1 $900 $900 $1,000 3,600

$5,000 $5,100

21,879$

$5,000 $10.50

Annual Scheduled Gross Income: $60,000 $61,200 Per Unit: $5,469.81

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

36.47%

Down Payment:

Cost per Unit:

Current GRM:

$380,000Obtain 1st Mortgage

30

$475,000

$2,001.63

Number of Units:

Monthly Payment:

Summary Proposed Financing

interest

yr. amortization

4.75%

5.00%

Market Rent

3,060

$61,200

36,261$ Net Operating Income:

*As Percent of Down Payment

11.69%

$1,300

23,814$

Licenses

25.07%

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

12,241$

24,020

58,140$

21,879

5.00%

23.87%

12.89%

37.63%

Water & Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Current Rents

Total Scheduled Rent:

$1,000

$5,100

Electric

$1,800

Insurance:

$1,000